Freezing of Bank Accounts - investigation under the FCRA -...

Freezing of Bank Accounts - investigation under the FCRA - Seeking to continue utilising their accounts for payment of salary and institutional expenses - Section 37 of the Foreign Contribution (Regulation) Act 2010 - The Supreme Court addressed a case involving the freezing of accounts of an organization under investigation for alleged financial irregularities under the FCRA. While allowing the organization to utilize its accounts for essential expenses, the Court imposed strict conditions on maintaining and auditing accounts, with regular reporting to investigating authorities or the trial court. The Court refrained from making any findings on the allegations of contempt, emphasizing that the order aimed to facilitate the continued operation of the numerous institutions run by the petitioners.